Quote:
Originally Posted by landshark
Goldwater is right to do anything in their power to block this nonsense... if this deal is so good, why does the financing have to come from Glendale? Why not a real lender? Why not? Because it is a bad investment - the team goes bankrupt again then whoever holds the loan paper is stuck with the debt. No one in their right mind would lend $100M to this sink hole. I have a hard time believing that it's getting serious consideration.
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Ya I've got to think that the people lining up to buy these bonds are either zealots ideologically in agreement with Bettman, ie other owners, or they are more shady associates of his like "Boots".
Never would have imagined this would drag on into the last weeks of the season. It is going to be an absolute nightmare down there if they make the playoffs and are playing in front of 12 or 13K a night. I guess at least the Flames owners and everybody else will make some of their money back!